Crown Castle Inc. $CCI Shares Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC boosted its position in Crown Castle Inc. (NYSE:CCI) by 110.3% in the 1st quarter, HoldingsChannel reports. The firm owned 32,191 shares of the real estate investment trust’s stock after purchasing an additional 16,881 shares during the period. Fiduciary Alliance LLC’s holdings in Crown Castle were worth $2,757,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCI. Wiser Advisor Group LLC acquired a new position in shares of Crown Castle in the third quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Crown Castle in the 3rd quarter valued at $31,000. Triumph Capital Management purchased a new position in shares of Crown Castle during the 3rd quarter worth $31,000. Hilton Head Capital Partners LLC boosted its holdings in shares of Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 134 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of Crown Castle by 128.7% in the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CCI shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Scotiabank decreased their target price on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Barclays increased their price target on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $85.00 price objective (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Stock Performance

NYSE CCI opened at $79.47 on Friday. The firm has a market capitalization of $34.68 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 0.42 and a beta of 0.93. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76. The company’s 50 day moving average price is $88.67 and its 200 day moving average price is $87.37.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. During the same period in the previous year, the firm earned $1.10 earnings per share. Crown Castle’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio is currently 175.62%.

Crown Castle Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.